Directors and officers liability insurance: Tensions between corporate and individual insureds

Author: McCutcheon, Mary E¹

Source: International Journal of Disclosure and Governance, Volume 3, Number 2, 1 June 2006 , pp. 148-155(8)

Publisher: Palgrave Macmillan

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Abstract:

D&O liability insurance has evolved from a policy designed to protect only individual directors and officers to a risk transfer mechanism used to protect a corporations balance sheet. The policy provisions implementing this evolution may dilute the coverage available to the individuals. Policy changes designed to mitigate against this dilution, however, may lead to unanticipated impairments of coverage for both individuals and the corporation.International Journal of Disclosure and Governance (2006) 3, 148-155; doi:10.1057/palgrave.jdg.2040073

Document Type: Research article

DOI: 10.1057/palgrave.jdg.2040073

Affiliations: 1: 1Partner, Farella Braun + Martel LLP, San Francisco, CA., USA.

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